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    CSMeter EA

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    BiantoroKunarto
    This document describes a currency strength meter trading system that uses historical price data to calculate the relative strength of different currencies. It provides formulas to calculate currency strength percentages over various timeframes. The system then uses these strength metrics to generate buy and sell signals by looking for pairs where the base currency is strong and the quote currency is weak for buys, or vice versa for sells. It includes parameters to customize the system, such as minimum strength/weakness percentages, timeframes to consider, trade filters, profit/loss thresholds.

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    CSMeter EA

    Uploaded by

    BiantoroKunarto
    452 views4 pages
    This document describes a currency strength meter trading system that uses historical price data to calculate the relative strength of different currencies. It provides formulas to calculate currency strength percentages over various timeframes. The system then uses these strength metrics to generate buy and sell signals by looking for pairs where the base currency is strong and the quote currency is weak for buys, or vice versa for sells. It includes parameters to customize the system, such as minimum strength/weakness percentages, timeframes to consider, trade filters, profit/loss thresholds.

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    CSMeter_EA

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    This document describes a currency strength meter trading system that uses historical price data to calculate the relative strength of different currencies. It provides formulas to calculate currency strength percentages over various timeframes. The system then uses these strength metrics to generate buy and sell signals by looking for pairs where the base currency is strong and the quote currency is weak for buys, or vice versa for sells. It includes parameters to customize the system, such as minimum strength/weakness percentages, timeframes to consider, trade filters, profit/loss thresholds.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    452 views4 pages

    CSMeter EA

    Uploaded by

    BiantoroKunarto
    This document describes a currency strength meter trading system that uses historical price data to calculate the relative strength of different currencies. It provides formulas to calculate currency strength percentages over various timeframes. The system then uses these strength metrics to generate buy and sell signals by looking for pairs where the base currency is strong and the quote currency is weak for buys, or vice versa for sells. It includes parameters to customize the system, such as minimum strength/weakness percentages, timeframes to consider, trade filters, profit/loss thresholds.

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    Currency Strength Meter Trading System

    FORMULA FOR CALCULATION


    This is an example of the currency calculation
    Formula Using Forex Price Data
    To calculate currency strength using forex price data you calculate the average price movement of all the
    currency pairs:
    Currency Strength = [[(C1) + (C2) + (C3) + (C4)] ÷ 4] x 100 where,
    C1, C2, C3 ... = Currency pair price change of different pairs that contain
    For example to find the USD's currency strength you would consider each USD pair and observe their
    average price movement over a set period of time:

    C1= GBPUSD = +2.5%

    C2 = AUDUSD = +5%

    C3 = EURUSD = -2%

    C4 = USDJPY = -1%

    C5 = USDCHF = +3%

    You would then Add all the values where USD is the base currency, and subtract when it's the quote
    currency as follows:
    -2.5 - 5 - (-2) + (-1) + 3 = - 3.5
    You would then divide this by 5, as there are 5 inputs. This will give the currency strength of the USD as:
    ((-3.5) ÷ 5)*100 = -70%
    Use the data below to for the calculation

    USD GBP EUR AUD CAD CHF JPY NZD


    USD/ZAR GBP/ZAR EUR/AUD AUD/CAD AUD/CAD CHF/CNH AUD/JPY AUD/NZD
    USD/TRY GBP/USD EUR/AUD AUD/CHF CAD/CHF CHF/CZK CAD/JPY EUR/NZD
    USD/SGD GBP/SGD EUR/CAD AUD/CNH CAD/CNH CHF/DKK CHF/JPY GBP/NZD
    USD/SEK GBP/SEK EUR/CHF AUD/CZK CAD/CZK CHF/HKD EUR/JPY NZD/CAD
    USD/RUB GBP/PLN EUR/CNH AUD/DKK CAD/DKK CHF/HUF GBP/JPY NZD/CHF
    USD/PLN GBP/NZD EUR/CZK AUD/HKD CAD/HKD CHF/JPY JPY/CZK NZD/CZK
    USD/NOK GBP/NOK EUR/DKK AUD/HUF CAD/HUF CHF/MXN JPY/DKK NZD/DKK
    USD/MXN GBP/MXN EUR/GBP AUD/JPY CAD/JPY CHF/NOK JPY/HKD NZD/HKD
    USD/JPY GBP/JPY EUR/HKD AUD/MXN CAD/MXN CHF/PLN JPY/HUF NZD/HUF
    USD/HUF GBP/HUF EUR/HUF AUD/NOK CAD/NOK CHF/SEK JPY/MXN NZD/JPY
    USD/HKD GBP/HKD EUR/JPY AUD/NZD CAD/PLN CHF/SGD JPY/NOK NZD/MXN
    USD/DKK GBP/DKK EUR/MXN AUD/PLN CAD/SEK CHF/TRY JPY/PLN NZD/NOK
    USD/CZK GBP/CZK EUR/NOK AUD/SEK CAD/SGD CHF/ZAR JPY/SEK NZD/PLN
    USD/CNH GBP/CNH EUR/NZD AUD/SGD CAD/ZAR EUR/CHF JPY/SGD NZD/SEK
    USD/CHF GBP/CHF EUR/PLN AUD/USD EUR/CAD GBP/CHF JPY/ZAR NZD/SGD
    USD/CAD GBP/CAD EUR/RUB AUD/ZAR GBP/CAD NZD/CHF NZD/JPY NZD/USD
    NZD/USD GBP/AUD EUR/SEK EUR/AUD NZD/CAD USD/CHF USD/JPY NZD/ZAR
    GBP/USD EUR/GBP EUR/SGD GBP/AUD USD/CAD AUD/CHF
    EUR/USD EUR/GBP EUR/TRY CAD/CHF
    AUD/USD
    AUD/USD

    NB: Where the broker does not have any of the above pairs, the calculation should factor in the
    number of pairs available for the currency calculations

    Time Frames – the currency should calculate in the timeframe below;


    M1 – 1 minute
    M5 – 5 minute
    M15 – 15 minutes
    M30 – 30 minutes
    H1 – 1 HOUR
    H4 - 4 HOUR
    D1 - DAILY
    Display Results
    The system should display the percentages of the strengths with corresponding Timeframes grouping
    under GREEN for strong currency and red for weak currency on charts

    Timeframes USD GBP EUR AUD CAD CHF JPY NZD


    M1 X% X% X% -X% X% X% X% X%
    M5 X% -X% X% -X% X% -X% X% X%
    M15 X% -X% X% X% X% -X% X% X%
    M30 -X% -X% X% X% -X% -X% X% X%
    H1 -X% X% -X% X% -X% X% -X% -X%
    H4 -X% X% -X% X% -X% X% -X% -X%
    D1 X% X% -X% X% X% X% X% X%
    NO. OF
    PAIRS 21 19 19 18 18 19 17 17

    NO. OF PAIRS from the table represent the number of pairs used in the calculation of the currency
    strength. Display number as shown above on the chart

    TRADING LOGIC
    BUY SIGNAL
    For EA to open a BUY order, the EA will look for the STRONG base Currency and WEAK quote
    currency. For example; EURUSD, from the strength table, if EUR is strong and satisfies the parameters
    under the STRONG PERCENTAGE in the selected TIMEFRAMES, and USD as the quote currency is
    WEAK and meet the WEAK PERCENTAGE parameter.
    SELL SIGNAL
    For EA to open a SELL order, the EA will look for the WEAK base Currency and STRONG quote
    currency. For example; EURUSD, from the strength table, if EUR is WEAK and satisfies the
    parameters under the WEAK PERCENTAGE in the selected TIMEFRAMES, and USD as the quote
    currency is STRONG and meet the STRONG PERCENTAGE parameter.
    EA PARAMETERS
    Currency Prefix
    Currency Suffix
    Tradable Pairs - the pairs to be traded separated by commas, (for example; EURUSD, GBPUSD,
    EURCAD)
    Strong Percent (%) - From the strength meter table, this specifies the percentage to trade (example: 2 )
    Weak Percent (%) - this is the weak percentage to which EA should make trades (example: 1.8)
    Strength Time Frames: The system would check if all TimeFrames selected have strong percentages
    and weak percentages before trades can be made.
    M1 - YES/NO
    M5 - YES/NO
    M15 - YES/NO
    M30 - YES/NO
    H1 - YES/NO
    H4 - YES/NO
    D1 - YES/NO
    Magic Number
    Lot size
    Take Profits
    Stop Loss
    Trailing Stops
    Trailing Steps
    Reverse: This functionality will open opposite trades of the main trading logic
    Max Daily Profit (%) – EA should stop automatically when account profits is reached to this percentage
    Max Daily Drawdown (%) – EA Should stop automatically when account loss reaches this percentage
    daily.
    TRADING TIME (based on broker Server time)
    Begin Time – time for EA to start trading
    End Time - After this time, EA only closes trades, no open orders
    Comments – Ability to add comments to trades

    Provide a locking system in the code to lock both real and demo accounts.

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